We reported back in April that the Toyota Tundra and Toyota Tacoma would be consolidated to a single modular platform for their respective next generations. Now Toyota is making a $391 million dollar investment into its San Antonio production line to help smooth the way. The investment is not expected to create any new permanent jobs.
The new platform, internally called F1, will first appear in the next generation Tundra expected in 2021 and eventually spread to all of Toyota's pickups worldwide. Tacoma will move to the F1 platform in 2023 or 2024. The new platform will be capable of electrification. One of the engines rumored for the Tundra is a Twin-Turbo V6 Hybrid with 450 hp and 500 lb.-ft of torque
The Tundra is the oldest full-size pickup on the market today, first debuting in 2007 with the last major update done in 2014.